What Is Accounting Information Developed Primarily for External Decision Makers

question 81

Multiple Choice

What is accounting information developed primarily for external decision makers called?

• A)Financial accounting.
• B)Cost accounting.
• C)Auditing.
• D)Management accounting.

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Definitions:

Self-Reliance

Dependence on one's own powers and resources rather than those of others.

Ethnocentrism

The belief in the superiority of one's own ethnic group or culture, often accompanied by a disregard for other cultures.

Egotism

A personality trait characterized by an excessive preoccupation with oneself and one's own importance, often disregarding others.

Initiative Versus Guilt

A stage in Erik Erikson's theory of psychosocial development where children learn to assert power and control through directed play and other activities.